H.R. 1317 · 111th Congress

To amend the Internal Revenue Code of 1986 to provide a tax credit to individuals who pay their mortgages on time.

Stage
In committee
Introduced
2009-03-04
Latest action
2009-03-04 · Introduced in House

Summary

Amends the Internal Revenue Code to allow individual taxpayers who are liable for one or more principal residence mortgage payments which are due in 2008 or 2009 a $5,000 tax credit for making such payments on time. Requires a statement from the mortgage lender that the taxpayer was not delinquent in making any payments.